Home / Knowledge / News / Apparel/Garments / Younger brands & online sales drive growth at N Brown
Younger brands & online sales drive growth at N Brown
17
Oct '12
N Brown Group plc, the multi-channel retailer, announces its Half Year results for the 26 weeks ended 1 September 2012.

Highlights:

  • Total revenue (£379.3m +4.3%)
  • Operating Profit (£45.7m -2.8%)
  • Profit before tax and fair value adjustments (£42.0m -4.5%)
  • E-commerce sales (£196m +12%)
  • Adjusted earnings per share (12.48p +3.1%)
  • Interim dividend (5.45p +3.0%)
  • Sales from newly recruited customers (+20%)
  • Sales for the six weeks ended 13 October (+10.1%)

Sales from company’s younger brands, targeted at customers under 50 years of age, continued their strong momentum from last year, posting a 12% increase overall to £143m.  Jacamo continued to be fastest growing brand with sales up by 40% for its offer of fashionable menswear available in larger sizes, including the Freddie Flintoff range which has been extremely popular. 

There were also strong performances from Figleaves, which enjoyed the full benefit of last year’s cost reduction programme, and Simply Be, which is leading company’s international and multi-channel developments.

Andrew Higginson, Chairman, said:

“In my first report since taking over as Chairman I am pleased to be reporting like for like sales growth of 3.7% and an improving sales trend within the business.  The strategy to focus on the development of our core brands and our online trading capability is delivering positive results, as evidenced by our strong start to the second half.”

Alan White, Chief Executive, added:

“I am delighted that the revenue and gross margin trends have been on an upward trajectory throughout 2012.  We have seen double digit growth in the revenue from our younger brands, such as Jacamo and Simply Be, and in our menswear and home and leisure product ranges. 

“The 10.1% increase in sales at the start of the second half is also very encouraging and all our major brands and product areas have contributed to this growth.  This gives us some optimism in the outlook for our second half performance.”

N Brown Group plc

Must ReadView All

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Apparel/Garments | On 19th Jan 2017

Asahi Kasei to display sustainable fibre at trade shows

Asahi Kasei, specialty Japanese fibre producer, will be displaying...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search